Maverick Fund was up 49.9% for the first quarter, while Maverick Levered gained 52.5%, and Maverick Long Enhanced gained 1.7%. Maverick Long gained 6.3%, while MFQ Neutral was down 5.1%.
Q1 2021 hedge fund letters, conferences and more
The first quarter was the Maverick Fund's strongest quarter ever, driven mostly by the performance of Coupang, which held its initial public offering in March. The fund initially invested in the company in March 2011 and hadn't sold a single share over the last 10 years.
Maverick Capital is a long/ short equity hedge fund based in Dallas and founded by Tiger Cub Lee Ainslie in 1993. The fund's top 10 long...
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